If you watched the October 28 CBS “Evening News,” you would probably have been expecting a rough ride today based on their reporting.

The likely ousting of Merrill Lynch CEO Stanley O’Neal prompted CBS correspondent Randall Pinkston to tell viewers to expect the worst as far as the stock market goes.

“O'Neal's likely exit sets the stage for another rough ride on Wall Street this week with more dramatic peaks expected in crude oil prices which hit nearly $92 a barrel last week and further uncertainty in the housing market,” Pinkston said.

However, in the short-term, that’s not the case. The Dow Jones Industrial Average finished up 64 points to close at 13,869 one day after his gloomy report. And, investors even welcomed the news of the shakeup at Merrill Lynch (NYSE:MER), as its stock finished up 2 percent.